Longbow Turns Bullish On Pool Corp - Read Why - Pool (NASDAQ:POOL)

Longbow Research analyst David MacGregor upgraded Pool Corp POOL to Buy from Neutral with a $550 price target, implying a 28% upside.
David noted that the recent pullback reduces the likely worst-case downside of an economic recession.
The analyst predicts the scenario as a suitable entry point for a high-quality compound grower profiting from sustainable competitive advantages and several supporting secular trends.
Price Action: POOL shares are trading higher by 4.33% at $428.25 on the last check Tuesday.